Bullish reversal?EUR/NZD is falling towards the support level which is an overlap support that is aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.76128
Why we like it:
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.74918
Why we like it:
There is an overlap resistance level.
Take profit: 1.77991
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
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EURNZD trade ideas
EURNZD: Bullish Reversal Coming?!The 📈EURNZD chart on a 4-hour time frame formed an inverted head and shoulders pattern.
The neckline of the pattern was a horizontal resistance level that was broken yesterday, with a 4-hour candle closing above it, now act as support.
I anticipate an upward trend with a target of 1.7753.
EURNZD - SELL IDEALast Week price pushed lower with nice intent.
4H structures bearish and price is now making a correction to the upside.
There are some liquidity created resting right below a stacked area of 4h + 1h imbalance,
Waiting for price to swept those equal highs and react from the imbalance.
My target might be some daily equal lows that are in line with 4H structure point.
EURNZDRange Breakout: The pair has been trading within a range, and the breakout from this range signals potential bullish momentum. A breakout indicates that the price is ready to move out of its consolidation phase, with buyers now in control.
Trendline Breakout: The price breaking above a key trendline further confirms a shift from a bearish or neutral market sentiment to a more bullish one. This is a strong signal that upward momentum is building.
RSI Bullish Divergence: The Relative Strength Index (RSI) indicates a bullish divergence, meaning while the price was making lower lows within the range or downtrend, the RSI was making higher lows. This suggests that selling momentum is weakening, and buyers are starting to gain strength.
EURNZD - A Top-Down Tutorial (ICT)In this video I go through how I perform a top-down analysis and zone in on exactly where I am in price action in order to source for the next high-probability trade. IF there is none, then we stay out until more clues are provided. We DO NOT want to chase price and get in on consolidative and manipulative price action. We want to be hunters, not sheep.
- R2F
Rise After Resistance Breakout or Drop to 1.7670 SupportAfter breaking the falling resistance line, EUR/NZD is likely to rise and may hit all targets. However, if it doesn't break through, the pair could drop to the 1.7660 support level. From there, we expect it to bounce back and go up again. This means it's important to watch the resistance level closely, as it will affect the pair's next move. A successful breakout could open up buying opportunities, while a drop to support might provide a good entry point for buyers.
EURNZD Maintains Bearish TrendJust a simple TA using conventional wave length projections. This pair wasn't able to hold onto the 78.6% fib pullback level so now I anticipate this pair first retesting around the 1.74 handle. Following the retest I would expect a natural bounce from profit taking and buyers heading into the market, but then I can foresee this pair breaking support heading towards the 1.7170 area in the days ahead.
How to trade this you ask?
First wait for bullish action, then follow the bullish candles on a small timeframe (5 or 15min) then wait for the bullish momentum to stall out for the best entry on the sell side.
That's it - That's all
Trade Safe
EUR/NZD Long FROM SupportHello Traders
In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EN bias to short,likewise for GNHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Both eurnzd and gbpnzd should be seeing more downside, had shorted since last week..this week shall continue unless something else happened :)
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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#EURNZD: +1600 PIPS Buying Opportunity Coming Up! Stay Tuned? OANDA:EURNZD
EURNZD has been seen making a ab=cd pattern which means that there is a big chance of having a price reversal in soon time. This reversal can be swing buy and may go beyond previously created monthly high. There are two areas that price may reverse from first one is the one that we are eying at and the second is the one which is where price has been reversing since months. However this area is likely to be broken if liquidity is going to be hunted. Therefore, we would like to advise all of you in advance to be extra cautious with EURNZD. Patience pays.
eurnzd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD to find support at Marabuzo level?EURNZD - 24h expiry
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
The bullish engulfing candle on the daily chart is positive for sentiment.
Yesterday's Marabuzo is located at 1.7695.
Bespoke support is located at 1.7700.
Preferred trade is to buy on dips.
We look to Buy at 1.7705 (stop at 1.7645)
Our profit targets will be 1.7855 and 1.7895
Resistance: 1.7806 / 1.7840 / 1.7900
Support: 1.7749 / 1.7700 / 1.7609
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Reading The Tape on EURNZD (ICT) - 26th Sept 2024In this video I practice reading the tape using ICT Concepts, as well as offering general advice to those using his concepts or otherwise.
I hope that you find this video insightful. If you have any questions, leave a comment and I will be glad to answer.
- R2F